Maryland Statutes
Subtitle 1 - Maryland Environmental Service
Section 3-121 - Bonds and Notes Are Legal Investments

Bonds and notes issued under this subtitle are securities in which all public officers and public units of the State and its political subdivisions and all banks, trust companies, savings and loan associations, investment companies, and others carrying on a banking business, all insurance companies, insurance associations, and others carrying on an insurance business, all personal representatives, guardians, trustees, and other fiduciaries, and all other persons may legally and properly invest funds, including capital in their control or belonging to them. The bonds and notes are securities which may properly and legally be deposited with and received by any State or municipal officer or any unit or political subdivision of the State for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.

Structure Maryland Statutes

Maryland Statutes

Natural Resources

Title 3 - Environmental Programs

Subtitle 1 - Maryland Environmental Service

Section 3-101 - Definitions

Section 3-102 - Legislative Intent; Purpose; Construction

Section 3-103 - Established; Organization

Section 3-103.1 - Employees

Section 3-103.2 - Exemption From State Personnel Management System

Section 3-103.3 - Conflict of Interest Policy for Board Members -- Copies Supplied

Section 3-103.4 - Standard of Care for Board Members -- Severance Packages -- Diversity Officer -- Board Policies -- Annual Training -- Citation of Section

Section 3-103.5 - Recurring Assessment of Board's Operations -- Items Evaluated -- Assessment Posted on Website

Section 3-104 - Powers Generally; Corporate Existence

Section 3-105 - Responsibilities and Activities; Limitation Upon Powers

Section 3-106 - Creation and Continuation of Wastewater Purification and Solid Waste Disposal Service Regions and Districts; Five-Year Plans

Section 3-107 - Mandatory Agreement to Provide Requested Services

Section 3-108 - Charges for Water Supply, Wastewater Purification and Solid Waste Disposal Projects or Services; Costs of Projects Generally; Procedure Upon Failure to Pay Costs

Section 3-109 - Projects to Be Provided Upon Direction of Secretary of the Environment

Section 3-110 - Pollution Abatement Projects to Be Provided Upon Directive of Secretary of the Environment; Costs and Operation of Projects

Section 3-111 - Duplicating or Using Projects Similar to Service Provided Projects

Section 3-112 - Authority to Issue Revenue Bonds and Determine Matters Relating Thereto

Section 3-113 - Provisions Applicable to All Bonds

Section 3-114 - Source of Payment of Bonds

Section 3-115 - Issuance of Refunding Bonds and Renewal Notes; Payment to Holders of Bonds and Notes

Section 3-116 - Interim Receipts, Temporary Bonds, Anticipation Notes, and Industrial Development Bonds

Section 3-117 - Trust Agreements; Disposition of Proceeds

Section 3-118 - Revenues -- in General

Section 3-119 - Revenues -- Trust Funds

Section 3-120 - Remedies of Bondholders and Trustees

Section 3-121 - Bonds and Notes Are Legal Investments

Section 3-122 - Bonds or Notes Not to Be Deemed State or Local Debt; Fees or Charges to Pay Project Costs; Contracts With Counties or Municipal Corporations

Section 3-123 - Service Exempt From Taxation; Bonds and Notes of Service Exempt From Taxation

Section 3-124 - Service Not Required to Give Bond or Suffer Liens; Assignment of Wages Not Binding on Service

Section 3-125 - Liens Created in Favor of Service or Municipality

Section 3-126 - Financial Affairs Generally

Section 3-127 - Rules and Regulations Generally

Section 3-128 - Arbitration; Scope of Authority of Public Service Commission

Section 3-129 - Violations and Penalties

Section 3-130 - Short Title